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20121108
20121116
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KPIX (CBS) 4
WUSA (CBS) 3
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Search Results 0 to 6 of about 7 (some duplicates have been removed)
CBS
Nov 9, 2012 4:00am EST
to deal with the economy. >> there was a message sent to us by the american people based on the campaign. people making all this money have to contribute a little bit more. >> the american people made clear there's still a mandate for raising tax rates. >> reporter: president obama won the election on the idea that the wealthiest americans should pay more in taxes. a new study said the president's plan would increase revenue and slow economic growth by a tenth of a percent. >> good afternoon, everyone. >> reporter: republicans point to a different study. >> the in accounting firm of ernst and young said going over the fiscal cliff and raising taxes on the wealthiest would cost jobs. >> reporter: how to avoid this fiscal cliff are expected to begin in ernest next week when congress returns to work. >> legislation is the art of compromise, consensus building. >> reporter: house speaker john boehner said republicans are willing to raise revenue but only under certain conditions. >> what matters is where the increased revenue comes from and what type of reform comes with it. >> reporter: vic
CBS
Nov 15, 2012 4:00am PST
with business leaders to talk about the economy. meanwhile stocks have fallen steadily since mr. obama won re-election. the dow lost 185 points on wednesday. it's down 430 points since election day. nancy cordes reports on the looming high budget battle. >> step number one we can take in the next couple of weeks provide certainty to middle class families, 98% of families who make less than $250,000 a year, 97% of small businesses that their taxes will not go up a single dime next year. give them that certainty right now. >> reporter: but john boehner has balked at that idea. it would take away his party's leverage in fiscal cliff issues. >> there's a lot of issues on the table that need to be resolved. i laid out a reasonable framework where both parties can work together and i'm looking forward to meet at the white house on friday and begin that conversation. >> reporter: boehner and other top republicans have proposed eliminating deductions and loopholes that benefit the wealthy instead of raising their tax rates. >> we're not going to hurt our economy and make job creation more difficult,
CBS
Nov 8, 2012 4:00am PST
spending cuts and tax increases that could send the economy back into recession. tara mergener reports. >> reporter: president obama and the first family returned to the white house wednesday evening, in his words more determined about the work that lies ahead. the president laid out part of a second term agenda in his victory speech tuesday night. >> reducing our deficit, reforming our tax code, fixing our immigration system, freeing ourselves from foreign oil. we got more work to do. >> reporter: earlier the president embraced staffers at his campaign headquarters in chicago. he acknowledged he has to bring the country together after a costly and bruising campaign. >> whether i earned your vote or not, i have listened to you. >> reporter: and the gop listened too. house speaker john boehner promised his party is willing to get down to business. >> the republican majority here in the house stands ready to work with you to do what's best for our country. >> reporter: both sides will be put to the test almost immediately. the president and congress will have to work together to overcome
CBS
Nov 12, 2012 4:00am PST
recession. >> everybody recognizes that this will be a terrible thing for american families, for our economy, for just running the government in a sensible way. >> president obama has said any deal must include a tax increase on wealthy americans. an idea that republicans are pushing back against. >> raising those rates on january 1st would according to the independent firm ernst and young destroy 700,000 american jobs. >> but on "face the nation" sunday republican senator lindsey grahamsaid the gop would be open to other means of increasing revenue. >> we don't need to raise taxes, we need to limit loopholes and deductions for the wealthy. >> while members are not supportive of the tax plan, john boehner are urging them to make compromise, something president obama senior adviser david axelrod called encouraging. >> there's money to be gained by closing some of these loopholes and applying them to deficit reductions. >> one half of those automatic spending cuts would affect the defense department's budget. david martin shows us what that means for the military. >> reporter: the dreaded sequ
Search Results 0 to 6 of about 7 (some duplicates have been removed)